Singapore

An e-commerce platform that recently launched a token sale aimed to raise $50 million has become Singapore’s first public firm to hold an ICO. Y Ventures Group, which went public on the Stock Exchange of Singapore last year, announced a plan for creating a blockchain-based e-commerce system in July and sent the sale of its AORA token …

CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a port operator giant, has announced the launch of a blockchain platform focused on cross-border trade. The company said in a statement that its fully-owned subsidiary GeTS revealed the service on Wednesday. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network …

The Singapore government is looking to boost blockchain development in an effort to improve financial inclusion for Southeast Asian countries. In opening remarks for a meeting with finance ministers from Southeast Asian countries on Friday, Heng Swee Keat, Singapore’s minister for finance, highlighted the government’s plans to foster innovations such as blockchain to improve access to finance …

Singapore’s government is launching a challenge that will reward successful blockchain projects with funding. In an announcement Thursday, Singapore’s Infocomm Media Development Authority (IMDA) said the challenge aims to boost blockchain innovation as part of a wider goal of the digital transformation in the city state. According to the fact sheet for the challenge, the bureau …

Former Liverpool soccer star Michael Owen has partnered with the Singapore-based Global Crypto Offering Exchange (GCOX) to issue his name-backed cryptocurrency OWN coin, Bloomberg reports March 21. The OWN tokens, set to be launched next quarter, would be used to buy merchandise or make donations to charities chosen by the athletes. OWN will also be …

Singapore’s central bank reaffirmed its commitment to using Blockchain for international payments in an official speech March 15. Speaking during the Money20/20 Asia conference which finished on the same date, Monetary Authority of Singapore (MAS) managing director Ravi Menon told an audience that the city-state’s Blockchain plans, dubbed ‘Project Ubin,’ will “solve the challenge” of …

The amount of venture capital fundraising for Blockchain-based companies so far in 2018 has already reached more than 40 percent of last year’s total, according to a report released by Crunchbase News on Feb. 27. Crunchbase News determined the companies to include in their data analysis by making a list of all organizations already categorized …

Singapore’s central bank has said it is again looking at cryptocurrency regulation, appearing to amend previous comments about a hands-off approach, Reuters reported Thursday, March 1. Part of a speech quoted by various publications Thursday saw the Monetary Authority of Singapore (MAS) deputy managing director Ong Chong Tee note an “assessment” about possible new regulations …

The Monetary Authority of Singapore (MAS), the city-state’s de facto central bank, is reportedly looking at whether new rules are needed to protect cryptocurrency investors. According to a Reuters report, Ong Chong Tee, deputy managing director of MAS, said during a speech Thursday that his agency is currently “assessing if additional regulations are required in the …

Last Monday, Feb. 12 Chief Fintech Officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty mocked the excessive speculatory activity that is “perhaps negatively impacting the whole experimentation of cryptocurrency.” He nevertheless confirmed his dedication to the Singapore central bank’s Blockchain project — “Ubin.” In Mohanty opinion, it is in two years when we’ll …

Speaking to CNBC on Monday, Feb. 12, chief fintech officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanty said it will be “two years” before the central bank’s Blockchain project sees “real impact.” Discussing the state of its “Project Ubin” and cryptocurrency in general, Monetary Authority of Singapore (MAS) chief fintech officer Sopnendu Mohanty …

No matter which sci-fi story we choose, let it be the galactic adventures of Star Trek or the dark side of Darth Vader in Star Wars, all of them include something humanity has always been dreaming of – controlling things with our mere thoughts. Nowadays with mind-controlled drones races and prosthetics limbs with fingers bending …

Singapore’s government has indicated that it sees no need to prohibit cryptocurrency trading. Tharman Shanmugaratnam, Singapore’s deputy prime minister and chairman of Monetary Authority of Singapore (MAS), said in a written response to MPs yesterday that cryptocurrency and related trading activity currently do not pose any threat to Singapore’s finance system. He stated that MAS has …

Singapore’s deputy prime minister Tharman Shanmugaratnam provided new commentary on the government’s commitment “not to ban” cryptocurrency as part of its future regulatory plans. In a series of fourteen statements published Monday, Feb. 5 in response to questions posed by members of parliament Tuesday, Tharman Shanmugaratnam, deputy prime minister and minister in charge of regulatory …

Members of Singapore’s parliament have expressed interest in developing regulations to oversee the country’s cryptocurrency environment. According to an order paper dated on Feb. 5, which outlines the agenda of the day’s parliamentary session, three lawmakers sought comment from the country’s prime minister, Lee Hsien Loong, about the government’s stance on regulatory issues related to …

Peach Aviation, a low-cost airline in Japan, has confirmed that their plan to allow Bitcoin (BTC) as payment is only delayed, not cancelled. Peach Aviation had initially announced in May 2017 that customers would be able to use Bitcoin as a payment method by the end of the year. However, in December 2017, the plan …

Singapore Airlines will release a “groundbreaking” Blockchain-based app for frequent flyers by August 2018. In a press release issued Monday, Feb. 5, the airline announced a Blockchain-based app for its KrisFlyer program had passed a “successful proof-of-concept exercise” with Microsoft and KPMG Digital Village. Now looking to sign up Singapore-based merchants, customers participating in the …

Singapore’s largest airline operator is turning to blockchain technology to boost spending of its loyalty program miles. In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain. According to the airline, the blockchain-based wallet …

Cointelegraph is bringing continuous updates about the companies that made significant input to the recent BlockShow Asia conference in Singapore. This time it is a company called Orioncoin and its CEO – Woanjen Tang. His main goal of participating at the Blockshow was to achieve market awareness and educate people about what Orioncoin (ORC) will …

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27 November 2017 – In 2017-2018, the team of crypto startup Simdaq will implement a comprehensive platform and marketplace for developing trading strategies on cryptocurrency exchanges. To date, the founders have already invested more than $1 million in the development of the project, which uses the SMQ token as its internal currency. The first stage of ...

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